The market situation continues to tighten this time, falling into a narrow triangle fluctuation range, and fluctuating repeatedly, accurately sniping those technical analysts who are keen on chasing ups and downs. The price of Bitcoin plummeted by 1,000 points, followed by Ethereum, which depreciated by 100 points, and many altcoins fell collectively, with an average decline of up to 10%. The exchange rate of ETH to BTC has slipped to a historical low of 0.04, which has not been seen since April 2021. The main funds in the market are generally in a state of withdrawal, and the overall market is extremely weak. It seems that only after a deep correction can we expect the dawn of a unilateral market to reappear.

At present, the daily chart has closed negative for three consecutive days, showing a strong downward momentum. In addition, with the upcoming important node of the US interest rate decision approaching, market participants generally adopt a cautious wait-and-see attitude, and the mood tends to be conservative. For short-term traders, they are patiently waiting for the bottom divergence signal or the sudden "pin" market as an opportunity to enter the market, knowing that the rebound without such clear signals is often limited and difficult to sustain. #BTC #美国大选如何影响加密产业？ #美联储利率决议公布在即 #加密市场急跌